Sentinel, is New Zealand’s tallest and newest NZ$137 million luxury high-rise, and there could be some good deals on re-sales for the smart investor.
Located in Takapuna on Auckland’s North Shore the Sentinel is only recently completed and several cash-strapped purchasers have been forced to forfeit thousands of dollars in deposits because they cannot afford the new units they had contracted to buy.
Just released, Mercer’s 2008 Cost of Living Survey makes some interesting reading for those considering a move downunder, that is to Australia or New Zealand.
The Mercer’s survey looks at comparative costs for an expatriate moving to each of 150 world cities. The 2008 survey confirmed Moscow as the world’s most expensive city, the “winner” for three years in a row. Tokyo and London were second and third most expensive respectively The survey is still dominated by Asian and European cities in the top 10 spots but the Australia and Pacific region has been catching up – based, at least in part, on the weakening of the US dollar against most other major currencies.
